Highlights

Justice suspends presidential decree on the cession of oil and gas exploration by Petrobras

Justice Marco Aurélio of the Brazilian Federal Supreme Court (STF) has granted a precautionary measure to suspend the effectiveness of the Decree 9.355 / 2018, by the Presidency of the Republic, which established a special process to assign rights to the exploration, development and production of oil, natural gas and other fluid hydrocarbons by Petrobras and covers the same rights in relation to its subsidiaries or controlled companies. The request was made by the Workers' Party (PT) in the Direct Action for the Declaration of Unconstitutionality (ADI) 5942.

In the action, the party maintains that the decree usurped a competence reserved to the National Congress.

Read more